7 Easy Steps to Creating and Maintaining Strong Passwords At Your Finance or Insurance Business

World Password Day is May 7th. This is a great time to review your standards for password creation, storage and management. Of course, we all know that using strong, unique password on all your devices and accounts will prevent unauthorized access. This is often ignored  

Did you know that over 85% of all adults reuse their passwords online? On top of that, most people don’t know how to create a truly strong password.  

These 7 Steps will help you create strong passwords: 

  • Minimum of 8 characters
  • A mixture of uppercase and lowercase letters 
  • At least one number 
  • At least one special character (!@#$%^&) 
  • No personal details (pet names, family member names, birth dates, address info, etc.) 
  • Ensure default passwords are changed 
  • Use Unique and Strong Passwords For All Online Accounts (professional & personal)

The average adult has over 100 different accounts online (bank accounts, credit cards, social media, email, apps, etc.). It’s understandably difficult to create and remember a different password for everything you do though. 

Now that we’ve covered how to create a strong password, it is important to touch on your process for managing passwords.  

What to do about it?  

 

Password Management Tools 

A password manager will store and organize all of your unique passwords securely for your financial or insurance business. Some are free and some are subscription based. If you want a great comparison of the leading options, check out this side by side comparison from PCMag here.

Here at Andromeda, we recommend LastPass. It has some great features and is a trustworthy password management tool.  

If you are ready for help in implementing a password policy for your office, give us a call today at (815) 836-0030, contact your account team or send us an email.